Number of housing completions (Absolute value) in Latvia
Latvia: Number of housing completions (Absolute value) was 2.97 in 2018. ◆ Volatile
Number of housing completions in Latvia, 1990–2018
Source: European Central Bank.
Analysis
The most recent figure for number of housing completions in Latvia is 2.97, measured in 2018.
That represents a change of up 30.6% on the previous year and down 63.3% over ten years.
Over the whole period, number of housing completions in Latvia peaked at 13.32 in 1990 and was at its lowest, 0.794, in 2002.
That places Latvia 26th out of 27 countries with data for 2018, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Number of housing completions (Absolute value) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 13.32 | — |
| 1991 | 7.21 | -45.9% |
| 1992 | 4.88 | -32.4% |
| 1993 | 3.75 | -23.0% |
| 1994 | 3.37 | -10.2% |
| 1995 | 1.78 | -47.3% |
| 1996 | 1.48 | -16.5% |
| 1997 | 1.48 | -0.2% |
| 1998 | 1.35 | -8.7% |
| 1999 | 1.06 | -21.3% |
| 2000 | 0.899 | -15.4% |
| 2001 | 0.8 | -11.0% |
| 2002 | 0.794 | -0.8% |
| 2003 | 0.83 | +4.5% |
| 2004 | 2.82 | +239.9% |
| 2005 | 3.81 | +35.0% |
| 2006 | 5.87 | +54.1% |
| 2007 | 9.32 | +58.9% |
| 2008 | 8.08 | -13.3% |
| 2009 | 4.19 | -48.2% |
| 2010 | 1.92 | -54.2% |
| 2011 | 2.66 | +38.8% |
| 2012 | 2.09 | -21.6% |
| 2013 | 2.2 | +5.5% |
| 2014 | 2.63 | +19.5% |
| 2015 | 2.24 | -14.8% |
| 2016 | 2.2 | -1.9% |
| 2017 | 2.27 | +3.2% |
| 2018 | 2.97 | +30.6% |
Latvia compared with similar countries
- Latvia's 2.97 is below the median for Europe & Central Asia, which is 26.8, 11% of the median. (26 countries reporting)
- Latvia's 2.97 is below the median for high income countries, which is 26.8, 11% of the median. (26 countries reporting)
Biggest year-on-year movements
Years where Number of housing completions (Absolute value) in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +239.9% | 0.83 | 2.82 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.97 | 1.06 | 13.32 | 10 |
| 2000s | 3.74 | 0.794 | 9.32 | 10 |
| 2010s | 2.35 | 1.92 | 2.97 | 9 |
Countries ranked near Latvia
More financial sector data for Latvia
- Reserve position in the IMF, US dollar, annual growth rate 68.5 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 43.27 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 60.46 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 31.6 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 68.5 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 43.27 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 60.46 % change on previous year (2025)
Frequently asked questions
- What is number of housing completions in Latvia?
- Number of housing completions in Latvia was 2.97 in 2018, according to European Central Bank.
- What is the highest number of housing completions recorded in Latvia?
- The highest recorded value was 13.32 in 1990.
- What is the lowest number of housing completions recorded in Latvia?
- The lowest recorded value was 0.794 in 2002.
- How does Latvia rank for number of housing completions?
- Latvia ranks 26th out of 27 countries with data for 2018.
- Is number of housing completions rising or falling in Latvia?
- Over the last ten years it is down 63.3%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from European Central Bank, published as part of Number of housing completions (Absolute value). Statizoid updates them automatically from the source API.
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